All Aboard Cruise Stocks!

Though Carnival is enduring a parade of bad news, its stock, and that of the rest of the industry, appears undervalued.

On the heels of Thursday's announcement that the company is sending home passengers on its Dream vessel in the Caribbean due to problems with its propulsion system, Carnival Corp. (ticker: CCL) is falling on a weak forecast. The news comes just a month after a fire on the Carnival Triumph ship in the Gulf of Mexico received widespread media coverage.